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Parte II Forecasting 3. Consulting income at Kate Walsh Associates for the period February-July has been as follows: Month Income (1,000s) February 70.0 March 68.5

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Parte II Forecasting 3. Consulting income at Kate Walsh Associates for the period February-July has been as follows: Month Income (1,000s) February 70.0 March 68.5 April 64.8 May 71.7 June 71.3 July 72.8 Use exponential smoothing to forecast August's income. Assume that the initial forecast for February is $65,000. The smoothing constant selected is 0.1. Resolve with a smoothing constant of 0.3. Which smoothing constant provides a better forecast

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